https://www.taxtmi.com/caselaws?id=22910 The court ruled in favor of the assessee on the treatment of cash allowances under the Income-tax Act, allowing depreciation on the cost of roads as part of buildings and granting development rebate for durable machine tools. However, the court upheld the disallowance of entertainment expenses as well as the non-deductibility of public issue expenses as revenue expenditure. The decisions were supported by legal precedents and interpretations of relevant laws. en-us Thu, 01 Dec 1988 00:00:00 +0530 Tue, 15 Dec 2009 12:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22910 The court ruled in favor of the assessee on the treatment of cash allowances under the Income-tax Act, allowing depreciation on the cost of roads as part of buildings and granting development rebate for durable machine tools. However, the court upheld the disallowance of entertainment expenses as well as the non-deductibility of public issue expenses as revenue expenditure. The decisions were supported by legal precedents and interpretations of relevant laws. Case-Laws Income Tax Thu, 01 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22910